The SEZ project, which commenced four months ago, is being developed in phases to put Chhattisgarh in the global map of polysilicon production bases. “We have estimated the fund requirement but the mode of financing is yet to be decided, which could be a mix of debt and equity both,” said Saibaba.

The first phase of the project, which involved an investment of Rs 1,340 crore, will be fully operational in a couple of months.

Moreover, the company is also strengthening its global market and plans to build solar farms in Germany, France, Italy, the US and the UK where it is already offering engineering, procurement and construction (EPC) solutions. “Alongside, in global solar markets, we have started participating in the bidding process of power purchase agreements,” said Saibaba.